The reference interest rate for residential rents in Switzerland remains unchanged at 1.75 percent, following a narrow decision by the Federal Office for Housing. Despite a slight decrease in the average mortgage interest rate to 1.63 percent, it was not low enough to trigger a reduction. Landlords have previously raised rents significantly, with some increases exceeding 10 percent. The next update on the mortgage reference interest rate is scheduled for March 3, 2025.
